PRE-OPEN MARKET OUTLOOK(29-05-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS MADE DOUBLE TOP YESTERDAY.IT IS CLEAR THAT MARCH 2009 RALLY IS 1ST WAVE OF BULL RALLY AND RUN 1970 POINTS WITH ONLY SMALL SHORT TERM CORRECTIONS.AS PER MY VIEW 1ST WAVE WILL TERMINATE AFTER THE CONFIRMATION INTERMEDIATE TERM CORRECTION.I ALREDY TOLD FEW DAYS BACK THAT INDIAN MARKETS WILL CROSS ALL TIME HIGH IN 2ND OR 3RD WAVE AND I AM EXPECTING MUCH HIGHER LEVELS IN THE COMING YEARS AND NOW INVESTMENT SEASON HAS COME.
NIFTY TRADED ALMOST WHOLE DAY YESTERDAY WITHIN THE RANGE OF 4300-4350. I ALREADY TOLD ON 21-05-2009 ABOUT STRONG RESISTANCE OF 4350-4620 AND AGAIN REPEATING TODAY BECAUSE NIFTY MADE DOUBLE TOP YESTERDAY AT 4350 AND YESTERDAY INTRADAY CHARTS OF SOME STOCKS ARE SHOWING SELLING PATTERNS.IF NIFTY DOES NOT SUSTAIN ABOVE 4350 AFTER EXPECTED POSITIVE OPENING THEN NIFTY WILL MOVE AGAIN BELOW 4300 AND VERY SHORT TERM CORRECTION WILL START.
AS SENTIMENT IS HEATED THEREFORE VERY SHORT TERM CORRECTION IS EXPECTED AND AFTER POSITIVE OPENING RED CLOSING WILL BE SEEN TODAY IF NIFTY DOES NOT SUSTAIN ABOVE 4350.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(27-05-2009)

I CLEARLY TOLD YESTERDAY FOR BEGINING OF DOWN MOVE AND NIFTY MOVING BELOW 4100. DOWN MOVE STARTED EXACTLY FROM YESTERDAY AS WELL AS NIFTY MOVED BELOW 4100 AND MADE 4092. AS INTRADAY CHARTS STARTED TO GIVE INDICATIONS OF CORRECTION THEREFORE I WAS NON STOP TELLING FOR THE BEGINING OF CORRECTION SINCE 20-05-2009 AND CORRECTION STARTED FROM YESTERDAY. SHORT TERM CORRECTION IS CONFIRM AND IF NIFTY MOVES BELOW 4092 AFTER MAKING LOWER TOP THEN INTERMEDIATE TERM CORRECTION WILL CONFIRM. IT IS WELL KNOWN FACT THAT ON GOING MARCH 2009 RALLY IS US LED RALLY AND US MARKETS CLOSED WITH GOOD GAINS AFTER MUCH STRONGER THAN EXPECTED CONSUMER CONFIDENCE REPORT THEREFORE ASIAN MARKETS ARE RESPODING US RALLY WITH 1% TO 4% UP TRADING TODAY AND INDIAN MARKETS WILL ALSO OPEN STRONG TODAY.

ON THE BACK OF RALLYING GLOBAL MARKETS INDIAN MARKETS WILL OPEN STRONG AND CLOSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-05-2009)

INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 3 SESSIONS AND INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE DOWN MOVE FROM HERE AND BELOW 4100 LEVEL WILL BE SEEN IN COMING SESSIONS. AFTER ALMOST FLAT OPENING NIFTY TRADING RANGE WILL BE WITHIN 4150-4270(MAXIMUM 4310) AND DOWN MOVE WILL START EITHER TODAY OR IN COMING SESSIONS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-04-2009)

INDIAN MARKETS ARE RANGE BOUND AFTER LAST WEEK HUGE GAP UP TRADING. I ALREADY TOLD ON 20-05-2009 THAT "INDIAN MARKETS REQUIRE GOOD CONSOLIDATION TO CROSS THE STRONG RESISTANCE RANGE(4350-4620) AND THIS RESISTANCE WILL NOT BE CLEARED EASILY." ALTHOUGH ALL TRENDS ARE UP BUT AFTER POST ELECTION RESULTS DECENT GAINS INDIAN MARKETS REQUIRE GOOD CONSOLIDATION.IT IS CONFIRM THAT SHORT TERM CORRECTION IS ON AND INDIAN MARKETS GOT INTRADAY SUPPORT AT 4156 ON 22-04-2009 BUT LAST 2 HOURS TRADING BETWEEN 4220-4245 SHOWING SELLING INDICATIONS AND IF NIFTY SUSTAINS TODAY BELOW 4220 TODAY THEN MORE DOWN MOVES WILL BE SEEN IN INDIAN MARKETS.ALTHOUGH INDUSTRY AND MARKET FAVOURING DECISIONS WILL BE SEEN IN COMING FUTURE AFTER FORMATION OF STABLE AND PROGRESSIVE GOVT. AT CENTRE BUT MARKET MOVES ON ITS TECHNICALS AND CONSOLIDATION/CORRECTIONS ARE ITS INTEGRAL PARTS AND RALLIES MOVES UP AFTER COMPLETING THESE PROCESS.

ALMOST ALL THE GLOBAL MARKETS ARE ALSO SHOWING CORRECTION AFTER MARCH 2009 RALLY THEREFORE GLOBAL CUES ARE EXPECTED TO GIVE DOWNWARD SIGNALS AND INDIAN MARKETS SHOWED SELLING AT HIGHER LEVELS THEREFORE NIFTY WILL TRADE FIRST BETWEEN 22-04-2009 RANGE (4160-4245) AFTER WEAK OPENING TODAY AND PREPARE FOR NEXT MOVE.NIFTY GOT GOOD SUPPORT AT 4160 BUT IF SELLING DEVELOPS TODAY THEN 4160 WILL BE BROKEN AND INDIAN MARKETS WILL CLOSE IN RED TODAY.



(LALIT KUMAR DHINGRA)